A contrarian investor known in the industry as CryptoWhale believes that XRP eventually will wipe out nearly every other altcoin.
In a new tweetstorm, CryptoWhale tells his 34,000 followers that XRP will be one of the last coins standing once the crypto industry enters a new phase of regulatory scrutiny and acceptance.
The only project in the entire market that is pushing for Crypto Regulations is $XRP.
They know that once these regulations are added, it will completely annihilate almost every other altcoin, and make XRP’s demand skyrocket.
— CryptoWhale (@CryptoWhale) September 8, 2020
The crypto investor highlights that while other coins are booming, Ripple is quietly doing the work behind the scenes to ensure that its native token complies with the requirements of government agencies.
CryptoWhale is not all talk as he says he’s looking to purchase more XRP once the correction is over.
“I’ve been involved with XRP since 2013, and let me tell you. There’s a reason it’s always held its spot in the top 3-5.”
As for those who have written off XRP, Crypto Whale offers the big picture.
“People often hate on XRP because it hasn’t ‘moved up for 2.5 years’
1. This time range is so tiny in the investment world. Be patient.
2. XRP is up more than 10,000% since 2014.
3. Has steadily held its position as top 5 coin for several years.”
The crypto investor also says he understands why XRP has so many haters.
“The boom in 2017 undeniably resulted in a large chunk of investors buying in at the top. These losses have subsequently turned many into haters. I always encourage people to do their own research and not only like/hate something due to emotions.”
For now, Crypto Whale believes that the correction will persist but he will notify his followers once he thinks XRP and Bitcoin (BTC) have carved a bottom.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc
Leave a Reply